Data: Abraxas Capital's 10x BTC, ETH, SOL short position has incurred a floating loss of 25 million dollars
ChainCatcher news, according to Lookonchain monitoring, Abraxas Capital is using 2 wallet addresses (0xB83D and 0x5b5d) to short BTC, ETH, and SOL on Hyperliquid with 10x leverage, possibly to hedge their spot positions.They currently hold short positions of 2,572 BTC (approximately $288 million), 57,317 ETH (approximately $151 million), and 504,957 SOL (approximately $89.4 million), with unrealized losses exceeding $25 million.